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Long Term Tenancy Agreement Template for Malaysia

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Key Requirements PROMPT example:

Long Term Tenancy Agreement

"I need a Long Term Tenancy Agreement for a commercial office space in Kuala Lumpur, starting from March 2025, with specific provisions for tenant improvements and an option to renew after the initial 5-year term."

Document background
The Long Term Tenancy Agreement is a crucial legal instrument in Malaysian property law, designed for situations where parties intend to establish a tenancy relationship exceeding three years. It's particularly relevant for commercial properties, corporate tenants, or high-value residential properties where long-term occupation is anticipated. The document must comply with Malaysian legislation, including the National Land Code 1965, Contracts Act 1950, and relevant state regulations. This agreement type requires specific considerations including potential registration with the land office, detailed maintenance provisions, rent review mechanisms, and option terms. It's commonly used in commercial property leasing, corporate relocations, and significant residential tenancies where stability and detailed terms are essential for both parties.
Suggested Sections

1. Parties: Identification of landlord and tenant with full details including registration/ID numbers

2. Background: Brief context of the agreement and property ownership

3. Definitions: Definitions of key terms used throughout the agreement

4. Demised Premises: Detailed description of the property being leased

5. Term and Possession: Duration of tenancy, commencement date, and possession details

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return of security deposit

8. Utility Charges: Responsibility for utilities and payment arrangements

9. Use of Premises: Permitted use and restrictions on property usage

10. Maintenance and Repairs: Responsibilities of each party for maintenance and repairs

11. Landlord's Covenants: Obligations and promises of the landlord

12. Tenant's Covenants: Obligations and promises of the tenant

13. Insurance: Required insurance coverage and responsibilities

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Grounds and procedures for early termination

16. Notices: Method and addresses for formal communications

17. Governing Law: Applicable law and jurisdiction

18. Execution: Signature blocks and attestation

Optional Sections

1. Option to Renew: Terms for renewal of lease, used when parties want to pre-agree extension terms

2. Renovation and Alterations: Specific terms for property modifications, needed when renovations are contemplated

3. Assignment and Subletting: Terms for transferring or subletting, included when these rights are granted

4. Break Clause: Conditions for early termination, included when flexibility is needed

5. Green Lease Provisions: Environmental and sustainability requirements, for green buildings or eco-conscious parties

6. Parking Rights: Specific parking arrangements, needed for properties with parking facilities

7. Common Areas: Rights and obligations regarding shared spaces, for properties in larger developments

8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

9. Quiet Enjoyment: Extended provisions for tenant's undisturbed use, for high-end properties

10. Special Building Rules: Additional rules for specific building types or managed properties

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of property including floor plan and boundaries

2. Schedule 2 - Inventory List: List of furniture, fixtures, and fittings included in the tenancy

3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and review dates

4. Schedule 4 - Building Rules and Regulations: Specific rules applicable to the property or development

5. Schedule 5 - Condition Report: Initial condition of the property with photographs

6. Schedule 6 - Maintenance Schedule: Regular maintenance requirements and schedules

7. Appendix A - Registration Documents: Copies of relevant title or registration documents

8. Appendix B - Special Conditions: Any additional terms specific to this tenancy

9. Appendix C - Utilities Reading: Initial utility meter readings at handover

10. Appendix D - Handover Form: Checklist for property handover and key transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Manufacturing

Logistics

Technology

Relevant Teams

Legal

Property Management

Facilities Management

Operations

Finance

Compliance

Risk Management

Asset Management

Real Estate

Administration

Relevant Roles

Property Manager

Facility Manager

Real Estate Manager

Legal Counsel

Corporate Lawyer

Leasing Manager

Asset Manager

Operations Director

Chief Financial Officer

Real Estate Agent

Property Administrator

Compliance Officer

Risk Manager

Tenant Relations Manager

Contract Administrator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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